Buying House at Auction Without Seeing the Inside
I'm looking to buy my first flip at auction from homes that have been foreclosed. Most of the homes are currently occupied, however, so I don't know the conditions of the homes on the inside. Am I being too reckless in purchasing a home at auction without ever seeing the inside? What has your experience been?
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We ALWAYS assume the worse. In the old days I had a guy who had no problem gaining access or contacting the company that winterized the property.
We have made a LOT of money on foreclosed/auctioned/abandoned properties that were not open for inspection. But then again we were prepared for the worse. Even if you inspect one you'll still be amazed how much more aggravation you will discover once you get in there & start tearing it apart, especially if someone has been there before doing a half***ed rehab.